REX Shares Launches 2X Leveraged Robinhood ETF
REX Shares launched the T-REX 2X Long HOOD Daily Target ETF, ticker TEUP, on May 29, giving investors twice the daily return of Robinhood (HOOD) stock. The fund expands the T-REX single-stock suite to more than 40 leveraged and inverse products.
Shares of Robinhood climbed roughly 8% on the same day as investors focused on the company’s AI-agent trading rollout. The launch marks the first 2x leveraged ETF built specifically around the Robinhood ticker.
What the New Fund Does
The TEUP ETF seeks to deliver 200% of the daily percentage move in Robinhood Markets shares before fees.
A Business Wire release confirmed the listing Thursday morning. The fund uses swap agreements and other financial instruments to maintain its 2x daily target.
Because the leverage resets each trading day, returns over multi-day periods can diverge significantly from twice the underlying stock’s move. That compounding effect is a standard risk disclosure for all daily-target leveraged products.
Robinhood Markets is the publicly listed brokerage and financial services platform that offers retail stock trading, cryptocurrency access, options, and most recently an AI-agent spending and advisory product.
The company trades on the Nasdaq under the ticker HOOD.
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Context: The T-REX ETF Suite
REX Shares built the T-REX brand around single-stock leveraged and inverse ETFs.
The suite targets names with high retail-investor interest, including technology and fintech companies. TEUP joins a lineup that already includes first-to-market 2x funds on several individual equities.
The leveraged Robinhood ETF is classified as first-to-market in the 2x HOOD category, meaning no competing product offering the same daily leverage on the same underlying stock existed before Thursday’s launch.
Single-stock leveraged ETFs carry elevated risk compared with broad-market funds. The SEC has required enhanced disclosure on these products since 2022, citing volatility and compounding effects that can result in losses even when the underlying stock rises over a multi-week window.
Robinhood is scheduled to present at the Piper Sandler Global Exchange and Fintech Conference on June 4, according to a GlobeNewswire announcement published May 28.
That appearance gives the company a near-term window to address investor questions about its AI strategy and revenue trajectory.
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What to Watch
Robinhood’s 8% intraday move on May 29 preceded the TEUP listing, meaning the ETF opens into an already-elevated price environment. Traders using TEUP will absorb amplified downside if HOOD mean-reverts in the sessions ahead.
REX Shares has not disclosed an expense ratio in the launch materials available at press deadline, and the fund’s first net asset value print will establish the baseline for performance tracking. The June 4 conference presentation could act as the next catalyst for the underlying stock, and by extension TEUP’s first week of trading volume.
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